Larsen and Toubro’s (L&T) net profit for the fourth quarter ended March 31 jumped by 17.25 per cent to Rs 1,686 crore, Latest Stock Price
Larsen and Toubro’s (L&T) standalone net profit for the fourth quarter ended March 31 jumped by 17.25 per cent to Rs 1,686 crore, despite a surge in commodity prices and raw materials.
Net sales in the quarter was Rs 15,078 crore, as against Rs 13,375 crore in the last quarter of the earlier year. The net profit included Rs 227 crore arising out of sale of its associate company in the fourth quarter and also a partial sale of a strategic investment.
Its earning before interest, tax, depreciation and amortisation (Ebitda) grew 14 per cent in the fourth quarter of 2010-11, to Rs 2,341 crore. The company said order inflow in the quarter went up by 27 per cent, to Rs 30,313 crore, as against Rs 23,843 crore in the last quarter of 2009-10. The total order book at the end of 2010-11 was Rs 1,30,217 crore, an increase of 15 per cent over that of 2010-11.